Best Business Growing Ideas from Accounting Firms Based on GST India

The accounting firms who are specialized in taxation can earn a fair amount of money due to the implementation of GST in India if they follow certainly services. 

Software Making Services (Application Service Providers)

ASPs or application service providers can develop an end-to-end solution for consultants, corporates, and taxpayers. Through ASP, all the taxpayers, companies, users, business units can file their taxes or returns. Not only filing taxes, but it can also help in GST Registration, Challan and all the other activities related to GST compliance. It also helps in the sale or purchase of goods and services and GST filing. Third- party- software services as this one will charge an adequate amount of money from the users or taxpayers. Users have to procure the necessary information and taxes that are automatically paid to the Government. It saves time and gives a big fillip to digitalization.

GST Consulting Services

 Before the implementation of GST Indian companies were paying a humongous amount of money to international accounting firms such as Price water house Coopers, Deloitte, KPMG LLP, and so on. Thanks to the introduction of GST, the consulting services has gone through a major boost. Closer home, accounting firms in Chennai and other parts of the country are also spreading knowledge about the same, doling about important information. 

Publishing GST Guides or Books on E-commerce portal

Writing short books on different topics related to GST implementation can be one way of spreading awareness on the same. Tax experts, CA of the accounting firms can share the onus of making people more aware of GST. A few examples of these books are Benefits of GST, Different Tax Slab Rates of Goods or Services and so on. These books are a novel of keeping abreast with GST updates. 

Training Services partnering with the Government

Conducting training sessions, seminars, meetings, conferences across different states across the nation are one way of spreading knowledge on GST,  These training sessions are usually conducted by the tax experts, tax officials, CA of the accounting firms along with seeking approval of the government. This will help the common man, people, companies, business units, about the GST compliance in India. 

Saving Cost with Outsourcing

Outsourcing is one of the better options for the implementation of GST in India as It reduces cost. Under the paradigm of outsourcing, it will help Technical experts or group of people to solve problems and take on questions from users,( basically knowing all the things you ought to know about GST business units, companies, which are related to taxation, GST Registration,  GST implementation and so on. So, you see a big boost in efficiency level,  productivity levels and helps focus on the particular area and it is done internally.